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First, banks will be banks. They may react to market conditions, but they’re unlikely to create market conditions.
Second, many businessmen/women believe that their local banks are the go-to sources for capital.
Third, surprisingly, most businessmen/women are not born understanding the strategic use of capital.
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You, dear reader, likely also think of banks as where the money is when you’re looking to finance purchase orders or issue an LC to a supplier against an incoming letter of credit.
It’s true. Banks are where the money is. Just not for you, most likely……
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